A Crisis Never Imagined
May 15, 2020
3 minutes
by PHILLIP HAYES
resulting worldwide lockdown have changed our lives drastically and the economic impact will be with us for years to come. Apart from the more than 200 000 deaths worldwide as I write this, a disastrous impact has been the dramatic drop in demand for fuel, which has led to the worst oil price crisis ever. Coupled with global lockdowns, this is causing losses in revenue amounting to trillions, with commensurate job losses. Newspaper reports proclaiming ‘worst jobs reports in modern history’ are now common in Canada and the USA.
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